Denny’s Co. (NASDAQ:DENN – Get Free Report) has received a consensus rating of “Moderate Buy” from the five research firms that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $10.40.
Several brokerages have recently commented on DENN. Oppenheimer reduced their price objective on Denny’s from $11.00 to $10.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st. Truist Financial reduced their price objective on Denny’s from $11.00 to $10.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. Wedbush reduced their price objective on Denny’s from $8.50 to $8.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 31st. Finally, Benchmark reiterated a “buy” rating and set a $15.00 price objective on shares of Denny’s in a research report on Wednesday, July 31st.
Check Out Our Latest Report on Denny’s
Hedge Funds Weigh In On Denny’s
Denny’s Stock Performance
Shares of DENN opened at $6.68 on Friday. The stock has a market capitalization of $343.15 million, a price-to-earnings ratio of 15.53, a price-to-earnings-growth ratio of 1.33 and a beta of 2.02. The stock’s 50-day simple moving average is $6.52 and its 200 day simple moving average is $7.40. Denny’s has a 52-week low of $5.59 and a 52-week high of $11.16.
Denny’s (NASDAQ:DENN – Get Free Report) last announced its earnings results on Tuesday, July 30th. The restaurant operator reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.04). The business had revenue of $115.90 million during the quarter, compared to the consensus estimate of $118.98 million. Denny’s had a negative return on equity of 57.37% and a net margin of 4.19%. Denny’s’s revenue was down .9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.14 earnings per share. On average, research analysts forecast that Denny’s will post 0.55 earnings per share for the current fiscal year.
About Denny’s
Denny's Corporation, through its subsidiaries, owns and operates franchised full-service restaurant chains under the Denny's and Keke's Breakfast Cafe brands in the United States and internationally. The company was formerly known as Advantica Restaurant Group, Inc and changed its name to Denny's Corporation in July 2002.
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